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Answer each TF (1 point) with an A or 1. Current assets are normally listed on the balance sheet in the order of their dollar
Answer each TF (1 point) with an A or
1. Current assets are normally listed on the balance sheet in the order of their dollar value.
2. Owners' equity is sometimes referred to as net assets.
3. The account form of balance sheet presentation is not allowed under generally accepted accounting principles.
4. A contingent liability is a definite obligation with only the amount of the obligation in question and subject to estimation at the balance sheet date.
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